Global Precision Guided Munition Market Size & Outlook
Global precision guided munition market, 2018-2030 (US$M)
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Global precision guided munition market highlights
- The global precision guided munition market generated a revenue of USD 35,530.9 million in 2022 and is expected to reach USD 55,165.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, tactical missiles accounted for a revenue of USD 25,170.7 million in 2022.
- Loitering Munition is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 35,530.9 million |
| Market revenue in 2030 | USD 55,165.3 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Tactical missiles |
| Fastest growing segment | Loitering Munition |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global precision guided munition market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,999.3 million by 2030.
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Precision Guided Munition Market Scope
Precision Guided Munition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global precision guided munition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision guided munition market will help companies and investors design strategic landscapes.
Tactical missiles was the largest segment with a revenue share of 70.84% in 2022. Horizon Databook has segmented the Global precision guided munition market based on tactical missiles, guided rockets, guided ammunition, loitering munition covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Precision Guided Munition Product Outlook (Revenue, USD million, 2018-2030)
- Tactical Missiles
- Guided Rockets
- Guided Ammunition
- Loitering Munition
- Global Precision Guided Munition Technology Outlook (Revenue, USD million, 2018-2030)
- Infrared
- Semi-Active Lasers
- Inertial Navigation System (INS)
- Global Positioning System (GPS)
- Radar Homing
- Anti-Radiation
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global precision guided munition market , including forecasts for subscribers. This global databook contains high-level insights into Global precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global precision guided munition market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precision guided munition market size, 2022 (US$M)
Global precision guided munition market share, by product, 2022 & 2030 (%, US$M)
Precision guided munition market: Opportunity assessment by country
Global precision guided munition market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,510.2 | 7,020.4 | 7,361.2 | 7,721.0 | 8,100.9 | 8,502.2 | 8,926.1 | 9,374.1 | 9,847.7 | 10,348.4 | 10,877.9 | 11,438.0 | 12,030.7 | 5.1% |
| Europe | 7,420.2 | 7,977.8 | 8,416.2 | 8,880.1 | 9,371.3 | 9,891.3 | 10,442.0 | 11,025.2 | 11,643.0 | 12,297.6 | 12,991.3 | 13,726.5 | 14,506.0 | 5.6% |
| Asia Pacific | 8,529.0 | 9,243.2 | 9,838.8 | 10,475.5 | 11,156.4 | 11,884.7 | 12,663.9 | 13,497.8 | 14,390.5 | 15,346.3 | 16,370.1 | 17,467.0 | 18,642.6 | 6.6% |
| Latin America | 3,752.7 | 4,022.6 | 4,188.5 | 4,361.7 | 4,542.7 | 4,731.6 | 4,929.0 | 5,135.2 | 5,350.6 | 5,575.7 | 5,810.9 | 6,056.8 | 6,313.9 | 4.2% |
| MEA | 1,996.3 | 2,003.7 | 2,115.6 | 2,234.2 | 2,359.6 | 2,492.5 | 2,633.3 | 2,782.4 | 2,940.3 | 3,107.7 | 3,285.0 | 3,473.0 | 3,672.2 | 5.7% |
| Overall | 28,208.4 | 30,267.6 | 31,920.3 | 33,672.5 | 35,530.9 | 37,502.3 | 39,594.2 | 41,814.6 | 44,172.1 | 46,675.7 | 49,335.3 | 52,161.4 | 55,165.3 | 5.7% |
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